Strive Becomes Fifth-Largest Corporate Bitcoin Holder as T-REX ETF Launches

Strive, a publicly traded Bitcoin treasury firm and asset manager, has become the fifth-largest corporate holder of BTC in the world after acquiring an additional 469 BTC. To capitalize on this trend, REX Shares and Tuttle Capital Management have launched a new leveraged ETF tied to Strive.

The T-REX 2X Long ASST Daily Target ETF (ASSX) began trading under the ticker ASSX on Cboe on Friday and seeks to deliver twice the daily performance of Strive shares before fees and expenses. Unlike spot Bitcoin ETFs, ASSX does not hold BTC or track its price, instead providing leveraged exposure to Strive shares.

The fund resets its leverage daily, meaning returns over periods longer than one trading day can differ significantly from twice the performance of Strive shares. REX and Tuttle also offer 2x ETFs linked to other companies, including Strategy, BitMine, Cipher Mining, Circle, and SharpLink.